MT 308 Field Specifications

3. Field 23G: Function of the Message

FORMAT

Option G

4!c[/4!c]

(Function) (Sub-function)

PRESENCE

Mandatory

DEFINITION

This field identifies the function of the message.

CODES

Function must contain one of the following codes (Error code(s): T86):

CANC	This is a request to cancel a previously sent instruction to settle third party FX deals.
NEWM	This is a new instruction to settle third party FX deals.

CODES

Sub-function, when present, must contain one of the following codes (Error code(s): T85):

CODU	This message is being sent as a copy, for information purposes and the message is a duplicate of a message previously sent.
COPY	The message is being sent as a copy, for information purposes.
DUPL	The message is for information/confirmation purposes. It is a duplicate of a message previously sent.

USAGE RULES

To cancel a previously sent order to buy or sell, Function is CANC. The reference in the linkage sequence must contain the Sender's reference of the message to be cancelled. A copy of at least the mandatory fields of the message to be cancelled must be present; optional fields need not be present for SWIFT validation.